Hi Buddy,
According to the Co-operative Societies Acts, a housing society must open a bank account at a district cooperative bank from the very beginning. The Registrar of Co-operative Societies must approve societies before they can open an account with a nationalised bank, though. Also, to answer your query, I would like to say that according to my knowledge, two different bank accounts cannot be used to maintain a single housing society.
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Can housing society open account in Axis bank?I hope this helps:)
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Can a Cooperative Housing Society have bank account in two different banks and be operated by two different set of people?
cjkumar
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2022-07-20T20:38:43+00:00 2022-07-25T10:26:04+00:00Comment
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